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Dollar GCC ESG sukuk issuance stalls over geopolitical tensions

Dollar-denominated ESG sukuk issuance plunged 75% YoY to around $1 billion in Q1 as geopolitical tensions weighed on investor sentiment, Fitch ratings said. A Saudi bank issuance was the only deal completed during the quarter. Global ESG sukuk issuance fell 63% YoY in Q1 2026 to just $1.6 billion, marking…

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